P/E ratio for Denso (6902.T)
P/E ratio as of March 2023 (TTM): 19.9
According to Denso's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.943. At the end of 2022 the company had a P/E ratio of 23.2.
P/E ratio history for Denso from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.2 | -48.68% |
| 2021 | 45.1 | 10.51% |
| 2020 | 40.8 | 203.42% |
| 2019 | 13.5 | -5.06% |
| 2018 | 14.2 | -6.26% |
| 2017 | 15.1 | 6.21% |
| 2016 | 14.2 | -15.34% |
| 2015 | 16.8 | 22.3% |
| 2014 | 13.8 | -17.21% |
| 2013 | 16.6 | -33.41% |
| 2012 | 25.0 | 63.37% |
| 2011 | 15.3 | -50.16% |
| 2010 | 30.6 | -263.14% |
| 2009 | -18.8 | -273.9% |
| 2008 | 10.8 | -38.38% |
| 2007 | 17.5 | -23.94% |
| 2006 | 23.0 | 38.82% |
| 2005 | 16.6 | -10.06% |
| 2004 | 18.5 | 35.56% |
| 2003 | 13.6 | -45.36% |
| 2002 | 24.9 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.